Market slams GameStop after retailer misses Q3 earnings expectations

The game business is booming, but its biggest retailer failed to impress investors with its third-quarter results.

GameStop generated $2.09 billion in revenue during its Q3. That is down 0.7 percent from $2.11 billion during the same period last year. It also is well under Wall Street’s estimate of $2.2 billion. The company also reported earnings per share of 50 cents, which missed analysts’ predictions of 61 cents. The company points to a tough comparison due to a major annual franchise moving into November, but it also claims that most of its internal numbers are looking up.